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Unfortunately, only 7% of retirees plan financially for such care, and Medicare does not cover the substantial costs of nursing home care, estimated to be over $100,000 annually.

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Preventive care helps identify risk factors and health complications before they become more severe. Studies show that men are less likely than women to visit a doctor for routine wellness exams.

Under the plan, families earning $100,000 or less would pay nothing for child care starting in 2028, as it would be paid by the endowment, lawmakers said.